DTN Early Word Grains         05/09 05:50
   Grain Markets Higher, Rebounding Off Technical Support Levels

   July corn is up 2 3/4 cents per bushel, July soybeans are up 5 3/4 cents,
July KC wheat is up 12 1/4 cents, July Chicago wheat is up 10 1/2 cents and
July Minneapolis wheat is up 10 1/4 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is up 2 3/4 cents per bushel,
July soybeans are up 5 3/4 cents, July KC wheat is up 12 1/4 cents, July
Chicago wheat is up 10 1/2 cents and July Minneapolis wheat is up 10 1/4 cents.

   CME GLOBEX RECAP: World equity markets are mixed with U.S. markets slightly
lower on Thursday morning. Wednesday's session saw the S&P 500 close nearly
unchanged as traders are waiting for more signals from the Federal Reserve
regarding their plans for the first rate cut. With very little in the way of
new economic data this week, traders are trying to gage comments from various
Fed speakers. With 6 different members of the Fed having already given speeches
this week, the net effect is still uncertainty as to the timing of the first
cut.

   OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average up 172.13 at 39,056.39 and the S&P 500 down 0.03 at 5,187.67, The
10-Year Treasury yield ended at 46.13%. Early Thursday, the June Dow Jones
Futures are down 59 points. European markets are mixed with the spot futures of
London's FTSE 100 trading up 0.05%, spot futures of Germany's DAX is trading up
0.21% and the spot futures of France's CAC 40 Index down 0.14%. Asian markets
are mixed with Japan's Nikkei 225 Index down 0.34% and China's Shanghai
Composite Index up 0.83%.